50/30/20 Budgeting Calculator

The 50/30/20 Budgeting Calculator is an easy-to-use tool that helps you break down your after-tax income into three simple categories: 50% for needs, 30% for wants, and 20% for savings and debt repayment. By inputting your income, this calculator quickly shows you how much to allocate toward essential expenses like rent and groceries, discretionary spending like entertainment, and long-term financial goals such as savings or paying off debt. It’s designed to help you manage your money more effectively and ensure that you’re balancing your day-to-day expenses with future financial security. Perfect for students, this calculator simplifies budgeting so you can take control of your finances with confidence.